Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Items Tagged with 'GDP'


Fed: May economic activity shows signs of slowdown

Mixed bag on housing, positive news on unemployment
Early reports for the second quarter paint a mixed picture. According to the Chicago Federal Reserve, there was net improvement in May's run of economic data but not much, at least based on the national activity index. A bad sign for housing and mortgage activity in the second quarter?
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Housing in places like New York, San Francisco fail more than just the locals

Local policies curtail worker freedoms
From the mid-'60s into the new millennium, these three cities in particular experienced phenomenal growth, but only contributed a small fraction to the growth of the nation. It’s this finding last month that underpins the need for a cohesive federal housing policy that can supersede some of the directions taken by local municipalities.
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U.S. economic growth just about grinds to halt

Exports drop off hobbles 1Q GDP
Economic growth in the United States is grinding to a near halt, with the first-quarter GDP estimate coming in at just 0.2%. What boosted it? Spending on heating oil and mandatory healthcare spending. It’s not looking good.
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